Crude oil inventories dropped more than expected this week, posting the sixth straight weekly decline and the 16th weekly decline in the last 18 weeks. Over the last five weeks now, crude oil inventories have declined by 27.5 million barrels, which is the largest five-week decline since the beginning of 2014.averages barrels crude oil decline historical inventories levels stockpiles week weekly
Labor Day is now less than a month away and with many schools around the country starting back to school in the next couple of weeks, the Summer driving season is starting to wind down. Looking ahead, prices typically decline sharply after Labor Day, but since prices never ran up in the Spring, perhaps they won’t see the typical decline in the fall.gain gallon gas Labor National pattern school typical years YTD
Less than three months ago back in mid-May, emerging market stocks led by Brazil went into a tailspin on reports that Brazilian President Michel Temer was under investigation in connection with a corruption scandal. In the last two days, the index has rallied more than 2% and is back within spitting distance of the levels it traded at before the investigation was disclosed after rallying more than 12% from its lows.Brazil Brazilian emerging extremely Ibovespa investigation investors market rebound sentiment
Yesterday’s trading session represented the 150th trading day of 2017, and so far investors have nothing to complain about. Earlier today, we took a look at years that had the most similarity to 2017 in terms of the pattern of daily closing prices to see which years since 1928 have the greatest similarity to 2017, and more importantly, how the S&P 500 performed for the remainder of each of those years.complain gain investors ranks remainder represented session similarity trading years
After five straight months of declining or flat readings in small business optimism, July’s update from the NFIB showed a big turnaround. This puts the index back within a point of its cycle high and indicates that despite a lack of progress in DC, small business owners are seeing improved conditions on the ground.biggest business owners cited issue Labor poor quality reading sales small business
Log-in here if you’re a member with access to the Closer. In tonight’s Closer sent to Bespoke Institutional clients, we focus on all of the “bubble” chatter we’ve been hearing lately regarding the stock market and the Tech sector more specifically.access bull Closer deeper in insight log market member tonight
One of the more popular articles making the rounds today concerns the rally in Hong Kong equities and the scope of the rally in its Hang Seng Index.
The argument regarding Tencent and its impact on the performance of the Hang Seng reminds us of one we have been hearing all year with regards to the S&P 500 and the disproportionate impact that the largest stocks in the index have had on its performance.breadth cumulative gain Hang Seng index lack rally stocks Tencent warning
The DJIA came into the week riding a streak of eight straight trading days of record closing highs and is currently on pace for a ninth straight record close. As recently as 2014, the DJIA saw 38 record closes and the year before that there were 52.closes closing closing highs DJIA highs months rank Record straight years
Welcome to Bespoke Brunch Reads — a linkfest of the favorite things we read over the past week.
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